Reporting Fraud & Misconduct & Delegation of Risk Management Responsibilities to University Committees
Q1. Do you report instances of fraud and misconduct to your Audit Committee (or equivalent committee)?
Yes = 14
Q2. Are all instances reported or only those that must be reported externally?
Varies. Majority of respondents report all instances while some only report significant / reputational / material instances of fraud
Q3. If you have a definition of fraud / and or misconduct (for the purpose of reporting to the relevant committee) would you share what this is?
Varies – see responses.
Q4. Please advise how risk management responsibilities are delegated to committees in your university. If possible please provide a link to relevant committee constitution/s.
Variety of models – see responses
2 Views